Remaining Payoff Amount definition

Remaining Payoff Amount shall have the meaning set forth in Section 9.9 hereof.
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Remaining Payoff Amount means an amount in cash equal to the difference, if any, of (a) the amount set forth the Queensbury Payoff Letter and (b) $400,000.
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Remaining Payoff Amount means an amount in cash equal to the difference, if any, of (a) the aggregate amount of Bank Debt set forth in the Bank Debt Payoff Letters and (b) $7,600,000.
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Examples of Remaining Payoff Amount in a sentence

  • If the proceeds of the Loans are insufficient to payoff or otherwise discharge all or any portion of the outstanding Indebtedness of the Company or its Subsidiaries (other than the Loans and those items identified on Schedule 7.16) in accordance with Section 8.11 hereof, then Buyer shall have paid or otherwise discharged any such Indebtedness that remains outstanding (such amount necessary to pay or otherwise discharge such Indebtedness, the "Remaining Payoff Amount").

  • If the Company or its Subsidiaries fails to payoff or otherwise discharge all or any portion of the outstanding Indebtedness of the Company or its Subsidiaries in accordance with Section 8.16 hereof, then Buyer shall payoff or otherwise discharge such Indebtedness that remains outstanding (such amount necessary to payoff or otherwise discharge such Indebtedness, the "Remaining Payoff Amount").

  • If the proceeds of the Loans are insufficient to payoff or otherwise discharge all or any portion of the outstanding Indebtedness of the Company or its Subsidiaries (other than the Loans) in accordance with SECTION 8.10 hereof, then Buyer shall have paid or otherwise discharged any such Indebtedness that remains outstanding (such amount necessary to pay or otherwise discharge such Indebtedness, the "Remaining Payoff Amount").